By Labor Day.
Democrats are privately hoping for $10 gas.
If some wildcatter were to find a huge heretofore unknown pool of oil/gas, the dems would do their best to stop the production.
Innovation is a by-product of our wants and needs.
The Rats blaming the Republicans is getting old with the American people and the American people know we will have to drill our way out of it. The American people also aren’t buying this 68 million acre crap because if that amount was true the oil companies would be working OT to get the oil out of the ground at $135 a barrel.
Our stupid greedy government has set up the US economy to tank.....watch. It's coming.
Still not one new gasoline refinery built since 1976...only 149 operable at this time with another 196 smaller ones siting idle that can handle other products other than gas and diesel.
No modernization of the smaller sites, no public disclosure as to really owns those sites, neither. Add to that no transparency in the futures markets......yup.....it's coming quickly.
Next time you're out-and-about, look around. Compare the number of people commuting to work in a car with those who are riding a bike to work. Public sentiment is increasing for drilling in ANWR, the OCS, and all federal lands. Recent polls suggest that 57% favor these policies, and it's rising every month. At $6/gallon, there's going to be a run on tar and feathers in every city across the US.
Alas, the GOP doesn't have the brains to pin this on those who triggered these problems in the first place. I can't even begin to relate how disappointed I am in the GOP's ability to get any message out to the public. The sit there with their collective thumbs up their a$$ and let opportunity after opportunity pass them by. McCain says he favors drilling the OCS, but then yanks back that correct step with a misstep by saying: "But I'll leave it up to the States to determine whether they will permit drilling offshore." The coastal states governors (except Alaska) have reacted saying: "It will take too long and won't make any difference." The translation: "I'll be out of office when the benefits accrue to my people, so why should I care when I can't get the credit?"
IDIOTS! All you have to do is simply announce that you support all drilling everywhere and you'll completely alter speculator expectations and that would be enough to cause the current spot price of oil to drop. But, you refuse to act and yet you wonder why you have a 12% approval rating. Politicians no longer serve the public, they serve only their own self-absorbed interests.
Hello folks... mandating the use of so many gallons of corn-based ethanol is neither free market nor innovative.
The math is not that simple because a lot of oil companies have long term contracts that still have years until they expire. They also have their own production. Thus, their weighted average cost per barrel is far below the often quoted spot price.
Have fun blaming it all on the Dems., but some day you might need to get back in touch with reality if you hope to ever really address the prolem.
1. GHWB signed into effect restrictions or moratoriums on offshore drilling.
2. Hey, this is not year one of W’s administration. He continued those restrictions on offshore drilling. Heard any big initiatives to open up more offshore drilling from W until very, very recently?
3. All W has done is try to open ANWR for drilling. That’s something, but hardly a president who’s been trying to avoid this crisis since day one of his administration.
4. W and Jeb got together scarcely two years ago to insure that NO OFFSHORE DRILLING WOULD BE ALLOWED OFF FLORIDA!
5. Sorry, this crisis is the fault of both parties. The Dems. are more at fault, but the Republicans are far from blameless for this mess. I think Republicans, and some Freepers, felt very clever putting forth the “let’s use all THEIR oil up first, and then we’ll still have ours for the future.” Still look like a good strategy?
7. We can now blame the Dems. for refusing to help open new areas for exploration and drilling NOW. But as far as getting us into this mess, the Republicans are only slightly less to blame.
This is relevant:
http://news.yahoo.com/s/ucac/20080625/cm_ucac/youcantfuelallofthepeopleallofthetime
Yesterday on Cavuto, Congressman John Yarmouth (’Rat KY) raised the tired old talking points about big oil having gazillions of acres under lease and not drilling it.
He then for the first time to my ears mentioned the National Petroleum Reserve in Alaska and the failure of the oil companies to exploit it.
From discussions here, I thought the drillers were prohibited from leasing or exploring.
I don't like it, but I can easily afford it. Maybe it will get some of these 'hoopty driving-SEARs drivers license m'efers' off the road.